Real Brokerage Stock Price, News & Analysis

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has officially launched operations in Alabama, marking its presence in 45 states and three Canadian provinces. This expansion involves 25 agents who collectively closed approximately $30 million in real estate transactions last year. Danny Kushmer has been appointed as Principal Broker, aiming to enhance agent recruitment and market presence in Alabama. CEO Tamir Poleg emphasized the company's commitment to meeting agent needs and expanding its footprint in the Southeastern U.S.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has appointed Sharran Srivatsaa as its new President, effective immediately. In this newly created role, he will oversee the company’s growth initiatives, including agent recruitment and education. Srivatsaa brings over 20 years of experience in real estate, finance, and technology, having previously led Teles Properties to significant growth. His expertise aims to enhance Real's tech-powered, agent-centric platform, expediting market entry and expanding its agent network.

The Real Brokerage has completed the acquisition of LemonBrew Lending for $1.25 million, enhancing its mortgage brokerage services. The deal involves $800,000 in cash and 351,837 common shares, valued at $1.279 each. With this acquisition, Real aims to simplify the home buying process by integrating mortgage services, allowing customers to finance their purchases through Real directly. This strategic move follows Real's earlier acquisition of Expetitle, further expanding its capabilities in the real estate market.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has welcomed The Dean Aguilar Group, a 115-agent team from San Diego, enhancing its network in California. Founded in 2012, the team closed over $425 million in transactions in the last year. CEO Tamir Poleg expressed enthusiasm for this partnership, citing the team's tech-forward approach and people-first culture as key factors. The Real Brokerage aims to revolutionize residential real estate with a cloud-based platform, currently operating in 44 states and three Canadian provinces with over 7,000 agents.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has appointed Andrew Kazeniac as Chief Operating Officer to enhance operational efficiencies and improve service for agents through technology. Kazeniac has nearly 15 years of experience, including his role at Drizly, where he managed significant operations growth. CEO Tamir Poleg emphasized that the company’s expansion in agent growth and new mortgage capabilities positions it well for future success. Kazeniac replaces Raj Naik, who has left the company.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) reported significant growth in Q3 2022, with revenues soaring 188% year-over-year to $111.6 million and gross profit escalating 158% to $8.6 million. However, the net operating loss increased to $4.3 million from $1.0 million in Q3 2021. The total net loss attributable to shareholders was $5.2 million, leading to a loss per share of $0.03. The company continues to expand its agent network, surpassing 6,700 agents and achieving a 197% rise in transactions, totaling 11,233. Real held $21.9 million in cash as of September 30, 2022.

The Real Brokerage Inc. (NASDAQ: REAX) will present at the Stephens Annual Investment Conference on November 17, 2022, at 1:00 PM CT in Nashville. The presentation will be led by Tamir Poleg, Chair and CEO of the company. Interested parties can access a live webcast of the remarks on the company’s investor website www.onereal.com. As the fastest-growing publicly traded real estate brokerage, Real operates in 44 states and Canada with over 7,000 agents.

The Real Brokerage Inc. (NASDAQ: REAX) announced that Chairman and CEO Tamir Poleg will present at the Investor Summit Group’s Q4 Conference in New York on November 14, 2022, at 10:30am ET. The presentation will be live-streamed, allowing interested parties to access it through the company’s investor section. Real Brokerage focuses on revolutionizing the residential real estate sector using advanced technology and a cloud-based platform, serving over 7,000 agents across 44 states and D.C., as well as two Canadian provinces.